Wednesday, March 4, 2009

March 4th - Update

If we take a closer look at the VIX , even that the market drop and break the NOV 2002 lows, we didn't see panic and fear comparing to NOV 2008 lows and that is good.
Due to the fact that a lot of the market participants are gone, lost there money or doesn't trade any more, there is less fear in the market, nobady cares any more . It will be easier for a substantial rally to develop.
The VIX is now at 50 comparing to almost 90 in NOV 2008.
Breaking the 40 level, and we get a substantial rally.





March 4th - Stock Market Review

Current Portfoilio - 101,402$
Open Position -

We didn't see yet the last knockout that will bring us a serios rally. All the indexs are still in a down trend.The oil look like is going to have a rally a stop should be under 24.